O bject L inking and E mbedding. This enables you to create information in one application program such as Excel display this information in another application program such as Word. The "object" created in the first application can be linked to the second application (ie a reference to it) or it can be embedded (ie a copy of it is contained). The linked object will automatically reflect any changes whereas as the embedded object will not.
OLE
Meaning of OLE in English
English glossary of Internet and PC terminology. Английский глоссарий Интернет и ПК терминологии. 2012